Jonathan Chai has joined Octane Capital’s finance team as finance manager.

Chai (pictured) is a fully qualified chartered management accountant and joins Octane from London-based Electra Private Equity Plc, where he was group financial accountant.

He will report into Rob Graham, Octane’s head of finance.

Chai’s role will be to support Graham with all financial accounting and operational reporting for Octane’s ever-expanding loan book. He will also work closely with the credit team to further streamline processes.

Mark Posniak, managing director of Octane Capital, said: “As a business, we’re growing rapidly and so the need to bolster our finance division, led by Rob Graham, has been on our radar for a while. Rob and Jonathan’s combined experience in modelling and analysis will be crucial in giving us the visibility and insights we need as we scale up and edge towards our first half a billion of lending.”

Chai added: “As an individual, I am always looking to grow and develop so joining Octane, which shares that vision, was a logical move. Hopefully the skills I bring will suit a company that is always looking forward and thinking of new ways to improve. I am extremely excited to help Octane become even more successful in the future.”